Company News
Gerry Cauley, CEO of the North American Electric Reliability Corp. (NERC) was arrested Friday for domestic violence at his home outside Atlanta.
Exelon will relinquish four Texas natural gas plants and pay $60 million to keep a fifth plant as part of its ExGen Texas Power subsidiary's bankruptcy.
CenterPoint Energy executives said the company is in “late-stage discussions” over its Enable Midstream Partners gas-gathering and processing joint venture.
Pacific Gas and Electric (PG&E) earnings jumped 42% to $550 million during the third quarter ($1.07/share), boosted in large part by reduced expenses.
Pinnacle West Capital, parent of APS, earned $276 million ($2.46/share) in the third quarter, compared with $263 million during the same period in 2016.
The CEOs of Exelon, PSEG and Dominion praised proposed price supports for nuclear and coal generators during their third-quarter earnings calls.
Alliant Energy announced a quarterly profit of $174.3 million ($0.75/share), down from $179.7 million ($0.80/share) a year earlier.
NRG Energy earned $171 million ($0.53/share) last quarter, compared with $402 million ($1.27/share) in the same period last year.
Eversource Energy reported third-quarter earnings of $260.4 million ($0.82/share), down nearly 2% from the same quarter in 2016.
Consolidated Edison’s Q3 earnings fell 8% to $457 million ($1.48/share), a drop the company attributed to changes in its rate plan and regulatory charges.
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